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August 03, 2020

CCXAP affirms Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook; and affirms the rating on the US dollar-denominated senior unsecured notes at BBBg+

Hong Kong, 3 August 2020 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has affirmed the long-term credit rating of Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd. (“GLD” or the “Company”) at BBBg+. The rating outlook is stable. CCXAP has also affirmed the rating on GLD’s USD300 million 7% offshore senior unsecured notes due 2022 at BBBg+.


CCXAP’s public ratings are available at (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated May 2020, available at (Rating Methodologies).


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